Michael Saylor’s Strategy continues to bolster its Bitcoin holdings by purchasing another 130 BTC worth $10.7 million. This is the firm’s smallest transaction since it began accumulating BTC in 2020.
Adding 130 BTC to Portfolio
Strategy, the business intelligence firm led by Michael Saylor, has announced the purchase of another 130 BTC at an average price of $82,981 per BTC. The transaction took place between March 10 and March 16 and marks the firm’s smallest BTC purchase ever.
While the size of this purchase is modest, it is still part of the firm’s long-term Bitcoin accumulation strategy. With the new purchase, Strategy’s total BTC holdings have reached approximately 499,226 BTC, moving closer to the 500,000 BTC milestone.
Funding from Preferred Share Sale
The transaction was funded through the sale of 123,000 Preferred Shares (STRK), raising $10.7 million in cash. This is part of the $21 billion fundraising plan the company announced earlier this month.
Previously, Strategy announced plans to raise $42 billion by 2027 through the sale of shares and other financial instruments to continue expanding its Bitcoin portfolio. This shows the company’s strong commitment to maintaining its BTC strategy even amid market volatility.
BTC holdings near 500,000
After this transaction, Strategy’s total BTC value is now approximately $41.6 billion. The company purchased BTC at an average price of approximately $66,360/BTC, including all associated costs.
To reach the 500,000 BTC mark, the company only needs to add another 774 BTC. This milestone is symbolic of Saylor's long-term strategy of holding Bitcoin as a strategic asset.
Michael Saylor: “Historic Entry Point”
Speaking at a conference in Miami Beach, Chairman Michael Saylor asserted that now is the ideal time to hold Bitcoin long-term. He emphasized:
"This is a historic entry point because all the risk has been removed from the asset. Wall Street will accept it, the US government will accept it, the banks in the US will accept it, which means all the other banks will accept it."
However, Saylor also acknowledged that the market still has concerns related to tariff policies and the US economic situation. He predicted that when macro risks ease, Bitcoin will grow strongly.
How has Strategy's stock responded?
Although BTC Strategy remains strong, Strategy's stock fell 3.7% to $286.52 on Monday. The company's stock has barely changed since the beginning of the year.
However, with a long-term vision and a well-planned fundraising strategy, Strategy continues to be one of the most influential organizations in the Bitcoin market, playing an important role in promoting BTC adoption on a global scale.
